We are in the FMCG (fast moving consumer group) space . Business has been in the family for decades. Handed down from generation to generation. With plummeting sales, revenue is drying up and I do not see the light at the end of the tunnel. Now trade debts are mounting. Where do I turn to? Whats the next step?
I am more concerned for the hundreds of loyal staff that have dedicated their lives to this business and the many lives that their earnings go towards supporting. I have called the lawyers and financial advisors. They say there is a way out but time is of essence and we need to handle multiple tasks simultaneously. We need a helping hand.
Hundreds of clauses to review amongst hundreds of agreements. Your trying to save the company. On the face of the current terms of the agreements there is no way the company can cover all its growing liabilities. Maybe there is a way out of this. Just maybe if I am fast enough I can review and revise negotiate and revise those critical terms with hundreds of vendors/creditors. Just maybe. It all comes down to how quick I can be.
Considering speed of contract review is the immediate need, we will focus on that. Contract review platform with a subject matter expert (SME), Contract Reviewer and Technologist will do the trick. What would ordinarily take several weeks can now be done within a couple of days or less. The platform, once setup by the team, will be able to identify critical clauses for review and manage simultaneously the redraft and dissemination to the vendor/creditors. My lawyers can now handle the negotiation via the data room securely and separately with each creditor and I can track the the progress being made real-time via the dashboard.
Some matters have gone beyond redemption and there are pending litigation. However I need to analyse each matter and smartly apportion the time and resources. Enter an AI (artificial intelligence) based due diligence platform with a document reviewer expert that sets up the platform to scour through the pages loaded into the data room to identify which matters are high priority. It also scours for relevant cases that are relevant in producing a report for me and my lawyers. I and my lawyers are saved a great deal of time and human resources that are better apportioned elsewhere.
Which assets are unsecured and beyond the arm of creditors and which are available to be sold to help support continued operations or complete diversification. We need to be smart about this. Walk in “data analysis platform” with a technologist loading up the asset list and documents referring to assets that are charged/secured against debt. Its a complete asset due diligence with a difference because at least I know what I can and cannot touch. The lawyers find this report gives them peace of mind.I think I can make it. No! I take it back. I know I can make it.